1895 S 200 E Salt Lake City, UT 84115

The home for sale at 1895 S 200 E Salt Lake City, UT 84115 has been listed at $719,000 and has been on the market for 557 days.

Welcome to this exquisite triplex located in a sought-after neighborhood, offering an exceptional investment opportunity for buyers looking to benefit from rental income. With three separate units, each with its own unique features and rental history, this property could be the next addition to your real estate portfolio. Property Highlights: Location: Situated in a desirable neighborhood, this triplex enjoys easy access to schools, parks, shopping centers, and all essential amenities, making it highly attractive to potential tenants. -Three-Bedroom Basement Unit: The basement unit features three bedrooms and has been rented for $1,525 per month. The current lease extends until July of next year 2024, providing a stable income stream for the foreseeable future. Two-Bedroom Main Floor Unit: The main floor unit boasts two bedrooms and comes fully furnished, making it a prime choice for mid-term rentals. The current lease runs until September 23rd of 2023 at $2,000. Attic Unit: The attic unit offers comfortable living space and is also fully furnished for mid-term rentals. Currently rented out at $1,350 per month, the lease extends until November of 2023, adding to the propertys consistent rental income potential. 3D renderings for attic unit: https://my.matterport.com/show/?m=4HxPfnhNZ5v Cosmetic Update: The property has undergone a cosmetic update within the last few years, ensuring that the interior spaces are fresh, modern, and appealing to prospective tenants. This enhancement helps maintain the propertys value and reduces the need for immediate renovations. Investment Opportunity: With three well-maintained units, each with reliable tenants and varying lease expiration dates, this triplex presents a remarkable investment opportunity. The diverse rental strategy, combining long-term leases in the basement with mid-term furnished rentals on the main floor and attic, ensures a steady cash flow with the potential for flexibility in the future. Total Rental Income: $1,450 (3-Bed Basement) + $2,000 (2-Bed Main Floor) + $1,350 (Attic) = $4,800 per month Lease Terms: Basement lease ends July of next year 2024, Main Floor lease ends July 31st 2023, and Attic lease ends in November 2023. Additional Benefits: The inclusion of furniture in the Main Floor and Attic units eliminates the need for additional expenses on furnishing, further enhancing the propertys appeal to prospective tenants. Dont miss this exceptional opportunity to acquire a profitable triplex in a sought-after location. Whether youre a seasoned investor or an aspiring landlord, this property offers both immediate income and long-term potential. Act fast and schedule your private viewing today! Other remarks: - legal non conforming triplex. - 3 electric meters. - one gas meter which is included in rent. - Square footage figures are provided as a courtesy estimate only and were obtained from measurement from seller. Buyer is advised to obtain an independent measurement. *Seller is willing to pay up to $5,000 towards new windows for a full price offer.

General Information

Interior Features

• Basement Apartment

Building and Construction

• Roof:
• Exterior:
• Construction: Brick
• Foundation Basement: d d

Garage and Parking

• Garage Type: No
• Garage Spaces: 0

Price History

Aug 09, 2023

$719,000

Price decreased:
-$6,000

$342.38/sqft

Jul 24, 2023

$725,000

Just Listed

$345.24/sqft

LOVE THIS HOME?

Schedule a showing or ask a question.

Kristopher
Larson

801-410-7917

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Schools

• Highschool: Highland
• Jr High: Hillside
• Intermediate: Hillside
• Elementary: Whittier

Walk Score

78

Very Walkable

Transit Score

58

Good Transit

Bike Score

87

Very Bikeable

Most errands can be accomplished on foot. Good Transit is available, with 8 nearby routes: 4 bus, 4 rail, 0 other. This area very Bikeable - it's convenient to use a bike for most trips.

Other Property Info

• Area: Salt Lake City; So. Salt Lake
• Zoning: Multi-Family
• State: UT
• County: Salt Lake
• This listing is courtesy of: Bryan MartineauRockwood & Company LLC.

Utilities

• Natural Gas Connected

• Electricity Connected

• Sewer Connected

• Water Connected

This data is updated on an hourly basis. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. If you need more information on this property please email kris@bestutahrealestate.com with the MLS number 1890340.

PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and Utah Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.